Funding round
TruKKer Series B
TruKKer, which works in logistics services in Dubai, raised $96M in a Series B round announced on 14 Feb 2022, led by ADQ and STV. 8 firms took part. It is TruKKer's third venture round on record; the one before was a Series A in Nov 2019.
$96M
Amount raised
Not disclosed
Post-money valuation
8
Investors
2 leads
Valuation
What this round says about the price
TruKKer did not disclose a valuation in this round. It came 27 months after TruKKer's Series A. It is 30% of the $322M TruKKer has raised in the venture rounds on record. TruKKer raised again 7 months later: a Series C round of $100M in Sep 2022.
TruKKer's funding rounds
TruKKer has 5 venture rounds on record and 4 other deals. This one is highlighted.
- Pre-seed 1 Jan 2019 $2.7M
- Series A 11 Nov 2019, led by STV $23M
- Debt not a venture round 1 Jan 2020 $10M
- Debt not a venture round 1 Feb 2022 $50M
- Series B this round 14 Feb 2022, led by ADQ and STV $96M
- Series C 7 Sep 2022, led by Investcorp $100M
- Debt not a venture round 4 Jul 2025 $15M
- Debt not a venture round 15 May 2026, led by ADCB $300M
- Growth 12 Sep 2026, led by Investcorp $100M
Investors
Who put money in
ADQ and STV led the round with 6 other firms.
Lead investors
- ADQ new investor
- backs 7 venture-backed companies new investor
Also in the round
- Mubadala backs 42 venture-backed companies new investor
- Riyad Taqnia Fund new investor
- backs 31 venture-backed companies new investor
- backs 11 venture-backed companies new investor
- Partners for Growth new investor
- STV
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
10 Series B rounds in Trucking and Logistics within a year either side disclosed an amount; the median was $35M, and this round was 2.7 times the median. The closest in time, other companies' Series B rounds in Trucking and Logistics:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Trucking and Logistics | 26 Jan 2022 | $15M | not disclosed | CREO Capital Partners |
| Trucking and Logistics | 14 Dec 2021 | $40M | not disclosed | Headline |
| Trucking and Logistics | 28 Dec 2021 | $13M | not disclosed | 인비저닝 파트너스 and SKSPE |
| Trucking and Logistics | 30 Nov 2021 | $75M | $750M | SoftBank Vision Fund |
| Trucking and Logistics | 5 May 2022 | $30M | not disclosed | Prysm Capital |
| Trucking and Logistics | 17 Nov 2021 | $10M | not disclosed | Bualuang Ventures and WHA Group |
| Trucking and Logistics | 31 Aug 2021 | $85M | not disclosed | Koch Disruptive Technologies |
| Trucking and Logistics | 28 Jun 2021 | $20M | not disclosed | Paragon Partners and Aavishkaar Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did TruKKer raise in its Series B round?
TruKKer raised $96M in its Series B round, announced in Feb 2022.
Who led TruKKer's Series B round?
ADQ and STV led it, with Mubadala, Riyad Taqnia Fund, Shorooq Partners, MARS Growth Capital and Partners for Growth and 1 more.
What was TruKKer's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Trucking and Logistics?
10 Series B rounds in Trucking and Logistics within a year either side disclosed an amount; the median was $35M, and this round was 2.7 times the median.
Did TruKKer raise again after this round?
Yes: a Series C round in Sep 2022 of $100M.